Regulators alleged statements made by hosts of Townstone Financial’s call-in show discouraged “prospective” African-American applicants from seeking mortgage loans. Source: Inman News
Posts published in “redlining”
The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75…
“The Association was wrong.” The trade group says it’s taking “bold action” to address the legacy of discrimination that continues to impact access to housing…
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history. Source: Inman News
To keep the American experiment vital and vibrant, we need buy-in from folks who are getting overlooked in the current market. Broker owner Troy Palmquist…
The tenant screener violated the Fair Housing Act for years as it doled out disproportionately low risk scores to Black and Hispanic rental applicants with…
In the first quarter of 2022, just under 45 percent of Black families owned their home, compared to 74 percent of white families, according to…
Wells Fargo is facing a potential class action lawsuit and heightened scrutiny by federal regulators, after a Bloomberg News analysis found the lender rejected requests…
The company cited the real estate industry’s history of redlining, as well as the potential to reinforce racial bias, as reasons to abandon crime data…